Startek (NYSE:SRT) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Startek (NYSE:SRT – Get Rating) in a research report issued on Sunday. The firm set a “buy” rating on the business services provider’s stock.

Separately, B. Riley restated a “buy” rating and issued a $5.00 price target on shares of Startek in a research report on Wednesday, March 29th.

Get Startek alerts:

Startek Stock Performance

Shares of SRT stock opened at $2.96 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Startek has a one year low of $2.60 and a one year high of $4.53. The company’s 50-day simple moving average is $3.05 and its 200-day simple moving average is $3.60. The stock has a market capitalization of $119.36 million, a price-to-earnings ratio of -74.00 and a beta of 1.45.

Startek (NYSE:SRT – Get Rating) last issued its earnings results on Thursday, May 11th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $92.09 million during the quarter, compared to the consensus estimate of $89.23 million. Startek had a positive return on equity of 9.02% and a negative net margin of 0.37%. Equities analysts anticipate that Startek will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of Startek

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in shares of Startek during the first quarter worth approximately $91,000. Laidlaw Wealth Management LLC acquired a new position in Startek during the fourth quarter worth $62,000. HRT Financial LP acquired a new position in Startek during the first quarter worth $45,000. Atria Wealth Solutions Inc. acquired a new stake in Startek in the second quarter valued at $42,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Startek in the first quarter valued at $71,000. Institutional investors own 13.31% of the company’s stock.

About Startek

(Get Rating)

StarTek, Inc, a business process outsourcing company, provides customer experience, digital transformation, and technology services in various markets. The company primarily offers customer engagement, omnichannel engagement, social media, customer intelligence analytics, work from home, and back-office services under the Startek and Aegis brands.

Recommended Stories

• Get a free research report on Startek from StockNews.com
• MarketBeat Week in Review – 6/19 – 6/23
• CarMax Stock Flying On Earnings Beat, Return Of The Highs?
• Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
• Smith & Wesson, A Timeless Value Play At Decade Lows
• Five stocks we like better than Startek

Receive News & Ratings for Startek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Startek and related companies with MarketBeat.com's FREE daily email newsletter.